RICHARD BLAND COLLEGE FOUNDATION I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

MELISSA MAHONEY MACC AB

Phone

8048626200

Tax Period

2023-07-01 to 2024-06-30

RICHARD BLAND COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $379K, a strong 20% operating margin.

Mission

TO AID, STRENGTHEN, AND EXTEND IN EVERY PROPER AND USEFUL MANNER THE WORK, SERVICE, AND OBJECTIVES OF RICHARD BLAND COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $317,049

SCHOLARSHIPS AND FINANCIAL AID FOR STUDENTS.

Program 2

Expenses: $1,054,300 Revenue: $994,971

DISTRIBUTIONS TO AND IN SUPPORT OF RICHARD BLAND COLLEGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $439,098

Program Service Revenue $678,086

Investment Income $453,942

Other Revenue $325,413

TOTAL REVENUE $1,896,539

Expense Breakdown

Grants Paid $353,394

Salaries & Benefits $0

Fundraising Expenses $4,835

Program Expenses $1,371,349

Other Expenses $1,163,669

TOTAL EXPENSES $1,517,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,896,539	$1,493,611	+0.3%
Expenses	$1,517,063	$1,415,499	+0.1%
Net Income	$379,476	$78,112	+3.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY M BRITT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MEGAN SAMFORD	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILL CLEMENTS	TREASURER	1.00	Officer Director	$0	$0	$0
BARRETT CHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
TONI CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JILL COLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA HICKS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MASSENGILL	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL PARHAM	DIRECTOR	1.00	Director	$0	$0	$0
SEAN ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
WERT SMITH JR	DIRECTOR	1.00	Director	$0	$0	$0
MARK H STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES K BEAZLEY III	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON P BUTTERWORTH	DIRECTOR	1.00	Director	$0	$0	$0
KRIS CRAVEY	DIRECTOR	1.00	Director	$0	$0	$0
TANYEA DARRISAW	DIRECTOR	1.00	Director	$0	$0	$0
ELSO DIFRANCO	DIRECTOR	1.00	Director	$0	$0	$0
BASIL O DOSUNMU	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EMERY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA KELLY-WIECEK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MAZZA	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,896,539	$1,517,063	$25,655,103	$379,476
2023	$1,493,611	$1,415,499	$26,003,607	$78,112
2022	$1,974,952	$1,179,712	$26,417,298	$795,240
2021	$1,082,171	$1,004,036	$28,331,533	$78,135
2020	$936,070	$1,218,125	$26,937,719	$-282,055
2019	$1,314,430	$1,438,358	$27,853,853	$-123,928
2018	$2,479,128	$1,117,991	$28,666,346	$1,361,137

RICHARD BLAND COLLEGE FOUNDATION INC